Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.89% | -0.08 | 0.97% |
| Return on Equity (%) | ▼ | 10.19% | -2.27 | 12.46% |
| Net Interest Margin (%) | ▼ | 3.67% | -0.03 | 3.71% |
| Efficiency Ratio (%) | ▼ | 76.86% | +2.04 | 74.81% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.02 | $0 |
| Cost of Funds (%) | ▲ | 0.90% | -0.02 | 0.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $151 | -0.69 | $152 |
| Gross Loans ($M) | ▼ | $66 | -0.78 | $67 |
| Loan Growth YoY (%) | ▲ | 48.09% | +0.18 | 47.91% |
| Total Deposits ($M) | ▼ | $137 | -2.11 | $139 |
| Shareholders Equity ($M) | ▲ | $13 | +1.45 | $12 |
| Tang. Book Value ($M) | ▲ | $13 | +1.45 | $12 |
| TBV excl. AOCI ($M)** | ▲ | $16 | +1.41 | $14 |
| Loan / Deposit Ratio (%) | ▲ | 48.09% | +0.18 | 47.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.07 | 0.09% |
| Allowance / Loans (%) | — | 0.49% | -0.03% | 0.52% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.15 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▄▃▅█▇▁ | Net Interest Margin (%) | 3.79% | 3.77% | 3.73% | 3.71% | 3.75% | 3.80% | 3.78% | 3.67% |
| █▇▅▄▇█▆▁ | Return on Assets (%) | 1.10% | 1.08% | 1.02% | 0.97% | 1.06% | 1.10% | 1.03% | 0.89% |
| ▁▂▄▅▂▁▄█ | Efficiency Ratio (%) | 71.9% | 72.7% | 74.1% | 74.8% | 73.0% | 72.2% | 73.9% | 76.9% |
| ▄██▃▁▁▂▁ | Cost of Funds (%) | 0.93% | 0.99% | 0.99% | 0.93% | 0.90% | 0.89% | 0.90% | 0.90% |
| ▂▁███▇█▁ | NPA / Assets (%) | 0.03% | 0.03% | 0.09% | 0.09% | 0.10% | 0.08% | 0.10% | 0.02% |
| ▂▂███▇▁▁ | Net Charge-Off Ratio (%) | 0.07% | 0.06% | 0.21% | 0.20% | 0.22% | 0.19% | 0.04% | 0.05% |
| ▁▃▃▃▅▇██ | Tang. Book Value ($M) | $11 | $12 | $12 | $12 | $12 | $13 | $14 | $13 |
| ▁▃▂▅███▃ | Gross Loans ($M) | $66 | $66 | $66 | $67 | $68 | $68 | $69 | $66 |
| ▄▁▆▇▇▇█▆ | Total Deposits ($M) | $136 | $131 | $138 | $139 | $140 | $139 | $141 | $137 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 3% |
| Consumer | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 19% |